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if the nation heads over the fiscal cliff. >> consumer spending will go down. that means you've got less customers. businesses get fewer profits. they hire fewer workers. you go on a downward spiral. >> reporter: the president met with house speaker john boehner at the white house. their face-to-face meeting in three weeks. neither side would offer any details from the discussion, which may be a good sign of modest progress. but a spokesman for the republican leader said boehner did not back down. his offer to the white house last week is still the gop's position in the fiscal cliff talks. that plan offers a total of $2.2 trillion in deficit reduction over the next decade, including $800 billion in new tax revenue, but no increases on the top 2% of taxpayers. that's where the stalemate seems to be centered. president obama insists taxes on the wealthy must go up. >> but when they start making a million or 10 million or 20 million, you can afford to pay a little more. >> reporter: several republicans indicated that's a concession they're willing to make. >> will
if the nation heads over the fiscal cliff. >> consumer spending will go down. that means you've got less customers. businesses get fewer profits. they hire fewer workers. you go on a downward spiral. >> reporter: the president met with house speaker john boehner at the white house. their face-to-face meeting in three weeks. neither side would offer any details from the discussion, which may be a good sign of modest progress. but a spokesman for the republican leader said boehner did...
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Dec 13, 2012
12/12
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lori: house speaker john boehner today trying to shift the fiscal cliff debate back to, spending. here is what he said earlier today. >> here we are, at the 11th hour and the president still isn't serious about dealing with this issue right here. it's this issue, spending! now you go back, i want to talk about polling, most americans would agree that spending is a much bigger problem than raising taxes. they want us to deal with this, in a responsible way. lori: just shortly after that fox news's ed henry trying to get a comment from the president on the fiscal cliff negotiations about the issue that john boehner just raced about spending cuts or lack thereof. listen to this. >> how are you doing, sir? >> what do you say, i'd? >> great. how do you feel about a deal? optimistic? >> still work in progress. >> speaker boehner says he is waiting to hear more from you, sir? >> merry christmas. lori: what a permagrin. lou dobbs dobbs here with the take. >> good try, ed. he will not give up anything to ed henry he wouldn't first to john boehner. i think john boehner did himself a lot of
lori: house speaker john boehner today trying to shift the fiscal cliff debate back to, spending. here is what he said earlier today. >> here we are, at the 11th hour and the president still isn't serious about dealing with this issue right here. it's this issue, spending! now you go back, i want to talk about polling, most americans would agree that spending is a much bigger problem than raising taxes. they want us to deal with this, in a responsible way. lori: just shortly after that...
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Dec 13, 2012
12/12
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when you think about fiscal cliff, the bush tax cuts have collapsed, sequestration cuts spending, and then there's a trillion dollar tax increase that obama has over the next decade to pay for obamacare. interestingly, he decided to delay those taxes until after he was reelected. but they start kicking in in january. very painful and hit the middle class hard. the reason not to raise taxes is to have a spending problem. we spent too much money. raising taxes is not part of spending less. it's not part of a compromise or anything. it is what politicians do instead of. reforming of - instead of reforming government. europeans eventually put in energy taxes and that is what obama is doing. he spent his five trillion dollars in the first term and wants to take us a trillion dollars more in debt over the next decade. there's no way to raise taxes to pay for that. we have to rein in spending. raising taxes is what politicians do when they don't have the courage to reform government. host: you can read this new press release on the internet. canada and middle-class families face high medical
when you think about fiscal cliff, the bush tax cuts have collapsed, sequestration cuts spending, and then there's a trillion dollar tax increase that obama has over the next decade to pay for obamacare. interestingly, he decided to delay those taxes until after he was reelected. but they start kicking in in january. very painful and hit the middle class hard. the reason not to raise taxes is to have a spending problem. we spent too much money. raising taxes is not part of spending less. it's...
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Dec 10, 2012
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and much of that is attributable to fears about the fiscal cliff. all bets could be off the table if we go off the fiscal cliff. >> sure if you go over the cliff. and you'll still have some tax hikes. we have consumer spending around 2% in real terms in line with income. we don't think the whole tax hikes will go into effect early next year. so yeah if you go over the cliff, lots of things consumers, businesses, you name it. but i don't think we're going to go over the cliff. at least we're noi not going to dive over. and i think without that, the dividend income and net consumer spending, consumer confidence number watch what people do. not what they say. other measures of confidence have been doing much better and that'll rebound. >> if we just back up for a second, steven, we talk about the fiscal cliff every day. those who are in the market talk about the fiscal cliff every day. does the average consumer out there moms and pops, do they talk about the fiscal cliff? does it factor into their spending efforts? >> not really. that's a great questio
and much of that is attributable to fears about the fiscal cliff. all bets could be off the table if we go off the fiscal cliff. >> sure if you go over the cliff. and you'll still have some tax hikes. we have consumer spending around 2% in real terms in line with income. we don't think the whole tax hikes will go into effect early next year. so yeah if you go over the cliff, lots of things consumers, businesses, you name it. but i don't think we're going to go over the cliff. at least...
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Dec 9, 2012
12/12
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and automatic spending cuts. the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through tax reform and closing loopholes. happy n
and automatic spending cuts. the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in...
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so it will be good for consumers. >> tom: we've been talking about the fiscal cliff but i think there is the holiday cliff which is that game of chicken between stores are they going have to discount closer to the holidays or are consumers going to spend the money that the stores are asking for right now. clearly another indication that stores perhaps maybe getting nervous now. >> susie: speak of green there was green on wall street today. >> tom: some buying on wall street. let's look at our market focus. better than expected data on first-time unemployment claims led to a choppy start for the s&p 500. after apple went positive in the 10:00 a.m. eastern time hour, so did the index. as tech stocks turned solidly higher, so did the market, finishing up a third of a percent. trading volume was moderate at 616 million shares on the big board; just over 1.7 billion on the nasdaq. the technology sector led the way, up eight tenths of a percent. the consumer discretionary sector added six tenths of a percent. the big tech names in the dow industrials weren't left out. intel had the biggest
so it will be good for consumers. >> tom: we've been talking about the fiscal cliff but i think there is the holiday cliff which is that game of chicken between stores are they going have to discount closer to the holidays or are consumers going to spend the money that the stores are asking for right now. clearly another indication that stores perhaps maybe getting nervous now. >> susie: speak of green there was green on wall street today. >> tom: some buying on wall street....
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Dec 6, 2012
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he's not particularly interested in avoiding the fiscal cliff and he's not interested at all in cutsing any spending. >> reporter: democrats say with so much at stake from defense jobs to unemployment benefits and higher taxes on all households, republicans are simply stalling what needs to be done. >> it's apparent how this will end. the only question is when will it end? you know, it's how long will speaker boehner make middle class families wait for relief. >> reporter: the one thing not in question is the deadline of january 1st. until then, it's anyone's guess how much the standoff will last until the deadline is blocked down. >> one of the things overshadowed by all of this are the new unemployment numbers. we're starting to get some of those now, positive numbers for- from-the labor department saying today that claims fell $25,000 last week. that is in comparison when the labor department reported 451,000 claims after hurricane sandy, shawn. >> tom fitzgerald, thank you. >>> new jersey governor chris christie met with president obama to talk about the after math from superstorm s
he's not particularly interested in avoiding the fiscal cliff and he's not interested at all in cutsing any spending. >> reporter: democrats say with so much at stake from defense jobs to unemployment benefits and higher taxes on all households, republicans are simply stalling what needs to be done. >> it's apparent how this will end. the only question is when will it end? you know, it's how long will speaker boehner make middle class families wait for relief. >> reporter: the...
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that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes, could be. >> chris: there you go, see you next week, don't forget, check out panel plus where our group picks up right with the discussion on our web site, foxnewssunday.com and we'll post the video before noon eastern time and follow us on twitter. @foxnewssunday. this program note: tune into fox news channel tonight at 9:00 p.m. eastern for "fly me to the moon" anchored by neil cavuto it marks the 40th anniversary of the last time man walked on the lunar surface. up next on "final thoughts." about my best friend. ♪ i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting
that doesn't avoid the fiscal cliff, does it? >> it avoids the tax side of the fiscal cliff. and most of the cuts in spending, except for defense and the president sees no interest in having a strong defense and we'll litigate that next year and there are opportunities to debate the spending, defense and entitlement issues next year, get the tax issue off the table, the weakest one for the republicans and let the president own it -- >> end with a wimper, not a bang. >> yes,...
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if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room, and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> tom, you even picked red and green for the season? i'm kidding. tom foreman explaining to us in a way that absolutely no one else can. we have got to figure out a way to bottle this guy. he's awesome. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having diff
if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room, and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> tom, you even picked red and green for the season? i'm kidding. tom foreman explaining to us in a way that absolutely no one else can. we have got to figure out a way to bottle this guy. he's awesome. so now i can be in the...
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short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conse
short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the...
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unless congress acts to avert the so-called fiscal cliff. in addition, several key tax benefits are scheduled to expire at the end of the year that will have a direct impact on the pocketbooks of many americans. take a couple with one child living in new york earning $100,000. their tax rate jumps from 25% to 28%. they could be hit by the alternative minimum tax. the child tax credit drops from $1,000 to $500, and payroll taxes could be $2,000 more next year. for a single 25-year-old in michigan who works for time earning $30,000 a year and going to school part time, his tax rate would stay the same at 15%, but he would lose the american education tax credit and have to pay more than $600 in payroll taxes. and even though it's weeks before the changes would take effect, the impact is already being felt because of uncertainty. 401(k) plans are taking a hit. several companies have put a freeze on hiring. and the next thing to watch for, the retail sector which makes most of its money in the final weeks of the year. >> i'm shortening down the l
unless congress acts to avert the so-called fiscal cliff. in addition, several key tax benefits are scheduled to expire at the end of the year that will have a direct impact on the pocketbooks of many americans. take a couple with one child living in new york earning $100,000. their tax rate jumps from 25% to 28%. they could be hit by the alternative minimum tax. the child tax credit drops from $1,000 to $500, and payroll taxes could be $2,000 more next year. for a single 25-year-old in...
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Dec 10, 2012
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cliff. few details were released about the meeting. if lawmakers fail to strike a deal before the end of the year automatic tax increases and spending cuts will go into effect. the one-on-one meeting was the first between the two leaders since election day. a member of the dallas cowboys is out on bond, after being charged in a crash deadly crash that killed a teammate over the weekend. defensive lineman josh brent was released on half a million dollars bond yesterday. authorities say he was speeding on saturday, when he hit a curb. the vehicle then flipped over and caught fire. cowboys linebacker jerry brown was killed. brent is charged with intoxication manslaughter. brent and brown formed a lasting friendship when they played together at the university of illinois. back in 2-thousand-9, brent also served a 60 day sentence for a d-u-i in champaign. investigators are looking into the cause of a plane crash that killed a mexican-american singer in northern mexico. jenni rivera and at least f
cliff. few details were released about the meeting. if lawmakers fail to strike a deal before the end of the year automatic tax increases and spending cuts will go into effect. the one-on-one meeting was the first between the two leaders since election day. a member of the dallas cowboys is out on bond, after being charged in a crash deadly crash that killed a teammate over the weekend. defensive lineman josh brent was released on half a million dollars bond yesterday. authorities say he was...
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. >>> as for more immediate concerns, the fiscal cliff is one day closer, with a stalemate over heading off huge tax increases and deep spending cuts at the start of the new year. president obama and house speaker john boehner are keeping tight-lipped about those talks. in michigan on monday, the president warned going over the fiscal cliff will cost jobs and send the country in a downward spiral. >>> colorado is now the second state after washington in which marijuana is now legal. that became the law yesterday, when the governor put a voter-approved amendment into the state's constitution. the implementation of the law will be worked out by a special task force. in a statement, the u.s. attorney noted that pot remains illegal, though, under federal law. >>> well, family and friends are remembering that navy s.e.a.l. who gave his life to rescue an american doctor in afghanistan. abc's senior foreign affairs correspondent martha raddatz has more on the life of this fallen warrior. >> reporter: nicolas checque was just 28 years old. but for much of the last decade he had been a navy s.e.
. >>> as for more immediate concerns, the fiscal cliff is one day closer, with a stalemate over heading off huge tax increases and deep spending cuts at the start of the new year. president obama and house speaker john boehner are keeping tight-lipped about those talks. in michigan on monday, the president warned going over the fiscal cliff will cost jobs and send the country in a downward spiral. >>> colorado is now the second state after washington in which marijuana is now...
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i think people really feel they sent people to washington to spend less money they're not going to do it if they raise the debt ceiling if that sounds like spending money and the g.o.p. is really to try to both parties have in the past but the g.o.p. this time they mischaracterize well. that means and i think a lot of people don't understand it their whole strategy depends on low information voters when it comes to the limits and people not understanding what it means and really where mcconnell's really are doing is raising the debt ceiling he's not preventing president over spending money he's basically saying america should become a deadbeat nation and not pay our bills and i think the white house made a big mistake yesterday when carney said we've taken the fourteenth amendment option off the table because if the republicans want to play games with the debt ceiling and question the credit of the united states which it was in direct contradiction of the fourteenth amendment the president should just say ok guys i'm just going to do it on my own and you can fight me in the courts if
i think people really feel they sent people to washington to spend less money they're not going to do it if they raise the debt ceiling if that sounds like spending money and the g.o.p. is really to try to both parties have in the past but the g.o.p. this time they mischaracterize well. that means and i think a lot of people don't understand it their whole strategy depends on low information voters when it comes to the limits and people not understanding what it means and really where...
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not they're going to come close to coming to some sort of agreement on the fiscal cliff. we can't increase spending. we are trying to rein it in and i am not that worried. there are distributional effects. lot of the lower end retailers, dollars or, drug stores have been big beneficiaries on extended unemployment benefits and their business will likely slow. cheryl: let me ask you something. you brought up the issue of the amount of retail dobbs but those are low-wage jobs. i assume the market does not want to see that. nice to see jobs added but not the right type of jobs. >> that is right. 50% of the jobs that were part of today's report of the low-income variety jobs. hospitality, leisure, retail, temporary jobs. we don't want to see that on wall street. we want to see the high-wage jobs because those are the jobs that will sustain a growing economy. they will be able to buy big-ticket items such as cars, a house, durable-goods. that is what you need to really grow this economy and right now we haven't heard any strategy of washington. all we're hearing about are extra
not they're going to come close to coming to some sort of agreement on the fiscal cliff. we can't increase spending. we are trying to rein it in and i am not that worried. there are distributional effects. lot of the lower end retailers, dollars or, drug stores have been big beneficiaries on extended unemployment benefits and their business will likely slow. cheryl: let me ask you something. you brought up the issue of the amount of retail dobbs but those are low-wage jobs. i assume the market...
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the fiscal cliff is a name that the media came up with, but some of us have been saying for years, you have got to stop the out of control federal spending or you're going to end up at this point, we're there. >> congress mon cole, i just want to remind folks of something that you have said about the middle class tax cuts and letting them go on and also your reply to that. i just want to play that to get our viewers up to speed. >> in my view, we all agree that we're not going to raise taxes on people that make less $250,000. we should just take them out of this discussion right now. >> he has his idea, i don't want to raise taxes on anybody. >> is the split i think inside to the republican caucus? >> i think it's more of a discussion on tactics. none of us want to raise the rates on anybody, but the reality is, the rates go up on everybody at the end of the months. to me, i would get that off the table now, so they don't worry about it. i think those people are actually the president's leverage in these debate. it's the democrats going around screaming your taxes are going to go up if
the fiscal cliff is a name that the media came up with, but some of us have been saying for years, you have got to stop the out of control federal spending or you're going to end up at this point, we're there. >> congress mon cole, i just want to remind folks of something that you have said about the middle class tax cuts and letting them go on and also your reply to that. i just want to play that to get our viewers up to speed. >> in my view, we all agree that we're not going to...
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if it appears likely we're going to go over the fiscal cliff and not meet the december 31nd deadline. me? i think that is a great development. finally cut some government waste and spending. oh, my goodness. meanwhile a black box data recorder revealed former new jersey governor jon corzine was doing 91 miles per hour in a 65 mile zone and he didn't have his seat belt on. and all that was contrary to what he first told us. why should all cars have the same kind of black box to settle lawsuits and find out who is lying? first up president obama heads to detroit monday. that's his first visit there in nearly months. this is mayor wing has just announced hundreds of layoffs in an effort to stave off the possible bankruptcy. but i don't think it's nearly enough. let's find out. joining me is detroit radio host doc thompson, wxyt talk radio. okay, doc, as i understand it you tell me if i'm wrong. about 11,000 detroit city workers and mayor bing is cutting 4 to 500. i'm not impressed with that. i think he should be cutting 20% of the workforce, not 5%. >> no, you're absolutely right, larry
if it appears likely we're going to go over the fiscal cliff and not meet the december 31nd deadline. me? i think that is a great development. finally cut some government waste and spending. oh, my goodness. meanwhile a black box data recorder revealed former new jersey governor jon corzine was doing 91 miles per hour in a 65 mile zone and he didn't have his seat belt on. and all that was contrary to what he first told us. why should all cars have the same kind of black box to settle lawsuits...
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the fiscal cliff is a name that the media came up with, but some of us have been saying for years, you have got to stop the out of control federal spending or you will end up at this point, we're there. >> i just want to the remind folks of something you said about the middle class tax cuts, i just want to the play that. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000, we should just take them out of the discussion right now. >> he has his idea, i don't want to raise taxes on anybody. >> it seems to me now this is the split inside the republican caucus -- >> i don't think so. i think there's more discussion about tactics than it is any different. none of us want to raise the rates on anybody, but the rates on everybody go up at the end of the month. since we degree with the democrats on 98% of the american people, to me, i would just get that off the table now so they don't worry about it. i the those people are the president's leverage. it's the democrats going around screaming your taxes will go up if republicans don't agree, let
the fiscal cliff is a name that the media came up with, but some of us have been saying for years, you have got to stop the out of control federal spending or you will end up at this point, we're there. >> i just want to the remind folks of something you said about the middle class tax cuts, i just want to the play that. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000, we should just take them out of the discussion right now....
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we are talking about domestic spending and what is on the table in the so-called fiscal cliff talks. charles clark is our guest. the me show you what president obama had to say yesterday in michigan. where he is on the tax rates. [video clip] when you put it all together, if you need a package that kids taxes where they are for middle- class families -- that keeps taxes where they are for middle- class families, make some cuts some things we do not need, and then asked wealthier americans to pay a slightly higher tax rate. that is a principle but i will not compromise on because i will not have a situation where the wealthiest among us, including folks like me get to keep our tax rates, and then we are asking students to pay higher student loans, were suddenly, a school does not have school books because the school district cannot afford it, or some family with a disabled kid is not getting the help they need through medicaid. host: here is how the speaker's office responded yesterday -- host: amy. indiana. you are up first. caller: good morning, mr. clark. 019 look at the spending a
we are talking about domestic spending and what is on the table in the so-called fiscal cliff talks. charles clark is our guest. the me show you what president obama had to say yesterday in michigan. where he is on the tax rates. [video clip] when you put it all together, if you need a package that kids taxes where they are for middle- class families -- that keeps taxes where they are for middle- class families, make some cuts some things we do not need, and then asked wealthier americans to...
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cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from speaker boehner's team are genre assuming talks. we confirmed as of a couple of hours hag that that wasn't the case, so we're going to check on that right now. david: what they're talking about, we don't know. liz: maybe not dead in the water. david: thank you, rich, appreciate it. liz: we've got good news for all of you last minute shoppers out there coming up in the speed read. david: and up next, first on fox business, tom kloet, ceo of tmx group, a parent of the toronto stock exchange, on the impact of all these regulations coming out of our country. how will they affect businesses in his country? that's coming
cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from...
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. >> in a few moments, a discussion of house spending cuts in the so-called fiscal cliff. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and i, i don't, i don't want to argue survival with anyone in japan about the history. i think we're past that. my whole purpose for being here is to listen, to honor the dead, to listen to the living and to see -- to do what i can to see this doesn't happen again. >> clifton truman daniel will join us sunday at 9 p.m. eastern on c-span3. >> now, a discussion of how the military and national security might be affected by spending cuts scheduled to take effect the first of the year. part
. >> in a few moments, a discussion of house spending cuts in the so-called fiscal cliff. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the...
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america goes off the fiscal cliff in 25 days triggering massive tax hikes and spending c cuts. >>> no sign of president obama, the first lady, sash has or malia, this year it's all about bo. the card was designed by iowa artist and dog lover lorissa cable. >>> a holiday surprise for some walmart shoppers in south florida. secret santas paid off their layaway bills. >> my layaway is paid? >> yep. the rest of your balance is paid off. >> are you serious? >> yes, very serious. you no longer own a balance. >> tell santa thank you very much! >> an athletic club pitched in $500 which helped six families. several layaway shoppers say they wish they could meet their secret santas to give them a hug and kiss and say thank you. >>> time for your early reads. your local news making national headlines. we begin with tacoma's news tribune which says day one of legalized marijuana was pretty chill. there were no run on doritos, increased in car wrecks, no crazy displays of joy. >>> to florida, the sun sentinel newspaper, florida wildlife officials announcing the 2013 python challenge. it's a huntin
america goes off the fiscal cliff in 25 days triggering massive tax hikes and spending c cuts. >>> no sign of president obama, the first lady, sash has or malia, this year it's all about bo. the card was designed by iowa artist and dog lover lorissa cable. >>> a holiday surprise for some walmart shoppers in south florida. secret santas paid off their layaway bills. >> my layaway is paid? >> yep. the rest of your balance is paid off. >> are you serious?...
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merry cliff mas. with a dramatic name like fiscal cliff, it has to be exciting. jim? >> the president is asking for 1.6 trillion. >> $600 billion in tax hikes. >> dividends and capital gains. >> discretionary spending. >> i'm up. what happened? is it over? >> pro union protesters are swarming the michigan capitol building in lansing. >> you're disgusting. >> dude, you are from michigan, detroit. eight mile. you have to come up with better miles than busting and disgusting. if you want to win the rap battle, put effort into it. >> you have one job. one factory. when you seize every benefit you could, yo, my palms are sweaty and knees weak working in the factory building chevies. you plug it in and you win. ecologically because if it was an actual race you would not actually. you got to collect for the union or robots are going to take away our jobs or to the chinese kids with the tiny hands the work will go. this opportunity comes once in a lifetime yo. >> we are locking at heavy rain and we will see improvements as the cold front clears the area. most of the country l
merry cliff mas. with a dramatic name like fiscal cliff, it has to be exciting. jim? >> the president is asking for 1.6 trillion. >> $600 billion in tax hikes. >> dividends and capital gains. >> discretionary spending. >> i'm up. what happened? is it over? >> pro union protesters are swarming the michigan capitol building in lansing. >> you're disgusting. >> dude, you are from michigan, detroit. eight mile. you have to come up with better miles...
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Dec 8, 2012
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and that leads you back to the negotiations over the fiscal cliff. and i think this raises the pressure to get a deal done. that's important. and the part of the deal that is actually not being talked about, but which will be central, is the spending side. the sequester is a very bad policy. both sides agree it needs to go away. they have to figure out how. and the tax side has to be matched by entitlent reforms, and you can pick 37 if you have the right entitlement reforms, but only 36 if you have less and you could get 38 if you have more. there's a lot of work left to be done. >> let's talk about that, robert. on the spending side. do you think that there's any way the democrats get out of this over the next 18 or 24 months without really addressing spending and probably annoying a lot of their base in the process? >> well, the president has already put a lot of spending cuts on the table. let me partially agree with doug. the employment report today was, although it looked pretty encouraging if you look at the numbers underneath the numbers, it w
and that leads you back to the negotiations over the fiscal cliff. and i think this raises the pressure to get a deal done. that's important. and the part of the deal that is actually not being talked about, but which will be central, is the spending side. the sequester is a very bad policy. both sides agree it needs to go away. they have to figure out how. and the tax side has to be matched by entitlent reforms, and you can pick 37 if you have the right entitlement reforms, but only 36 if you...
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on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those type. those types are coming on to me all the time now. >>> she get's the comedians laughing... >>>that hilarious. >>>and the thinkers thinking. joy>>>okay so. there's wiggle room in the ten commandments is what you're telling me? >>she's joy behar. joy>>>and the best part is that current will let me say anything. what the hell were they thinking? >>>> only on current tv.
on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had...
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Dec 6, 2012
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it's 10:00 on the east coast and we begin with brooking news on the looming fiscal cliff. and signs of a potential fall. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise. but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now, dana bash, jessica yellin, and david gergen. what's the latest? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no
it's 10:00 on the east coast and we begin with brooking news on the looming fiscal cliff. and signs of a potential fall. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise. but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials...
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Dec 13, 2012
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spending. >>> only 19 days left until the fiscal cliff. why are republicans letting congress go home? >> once again having a two-day workweek in the congress of the united states. you have to ask the question why are we going home instead of working very hard to forge an agreement to avoid that fiscal cliff? >> hillary clinton heads to capitol hill next week to testify about the benghazi terror attack armed with poll numbers that make her the envy of the political world. does that mean she'll run four years from now? listen to her response to barbara walters. >> what would it take to convince you to run in -- >> that's all hypothetical because right now i have no intention of running. sfoo right now at least. and a might of 1,000 rock stars in new york city. the boss, paul mccartney, bon jovi, billy joel, alicia keys, among others, all coming together to raise money for hurricane sandy victims. keep fans rocking well past midnight. ♪ ♪ who says you can't go home there's only one place they call you one of their own a hometown boy born
spending. >>> only 19 days left until the fiscal cliff. why are republicans letting congress go home? >> once again having a two-day workweek in the congress of the united states. you have to ask the question why are we going home instead of working very hard to forge an agreement to avoid that fiscal cliff? >> hillary clinton heads to capitol hill next week to testify about the benghazi terror attack armed with poll numbers that make her the envy of the political world....
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the fiscal cliff, the thing we have continued to look at is our economy. today in the whip's office we will have small family-owned businesses in there and talk about ways to protect the family business, continue to grow while at the same time make sure we solve this fiscal cliff. look, each and every day as we walk the halls, you continue to ask the questions. you want the answers to solving the fiscal cliff. we put the offer on the table and the president now has to engage. the next 72 hours are critical. if he sits back and continues to play politics, that will give you the answer of where we're going. this is the opportunity for the country to lead and opportunity for the president to lead. >> as these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem, it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate, and yet he keeps demanding that we have seen record deficits and a record debt accumu
the fiscal cliff, the thing we have continued to look at is our economy. today in the whip's office we will have small family-owned businesses in there and talk about ways to protect the family business, continue to grow while at the same time make sure we solve this fiscal cliff. look, each and every day as we walk the halls, you continue to ask the questions. you want the answers to solving the fiscal cliff. we put the offer on the table and the president now has to engage. the next 72 hours...
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. >>> our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> there's, of course, no deal. >> of course! is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! but the ongoing talks. >> there aren't even very many talks going on. >> you're killing us! give us something. >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! >>> good morning. it's wednesday, december 5th. welcome to "morning joe." live in the nation's capital. this is exciting. and you know, i said, let's do a show from washington, d.c., because they get so much stuff done there. it's like silicon valley. and going there when steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> washington is the place. wit
. >>> our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> there's, of course, no deal. >> of course! is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! but the ongoing talks. >> there...
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in echo of the original discussions the gentleman and i just hads far as the fiscal cliff is concerned. our commitment is to try to rece the mountain of tet that is strangling this country and trying to stop the spending that continueso spiral out of control. so any discussion of the increase of debt for us has to be accompanied with a real commitment to the reduction in spending, otherwise, those credit rating agencies are going to continue to do what they did. and so in order to engender confidence in those agencies and the market and throughout the american economy and the public, we have got to gain some credibility on the spending issue and stop the spending. that is our position, the gentleman knows at. yes, we all agree america is a country that pays its bills we need to stop racking up so many of them. we've got ton a situation where we are generating trillions, $1 trillion of additional annual debt. we can't do that. and that's why we take the position we do. to try and arrest that, to get our ecomy back on an even keel so we can heal that economy. i yield back. mr. hoyer: i t
in echo of the original discussions the gentleman and i just hads far as the fiscal cliff is concerned. our commitment is to try to rece the mountain of tet that is strangling this country and trying to stop the spending that continueso spiral out of control. so any discussion of the increase of debt for us has to be accompanied with a real commitment to the reduction in spending, otherwise, those credit rating agencies are going to continue to do what they did. and so in order to engender...
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this thing we call the fiscal cliff is a law that republicans voted for and that the president steered them to vote for. and strategically, he was victorious in that. the theory of this thing was, no one wants it to happen. no one wants anything in this bill to happen. the rates to go up or all the spending cuts. but it turns out that the democrats and the president like more of what would happen on january 1 than republicans. >> do you know who agrees with you? rick santorum. i spoke to him on press pass and this is what he said. and newt gingrich, you respond after you hear this. >> the greatest leverage he has is that he put together a deal with the republicans over a year ago that gives him pretty much what he wants. which is a dramatic -- which is taxes back to the pre-bush rates. so it gets all the tax increases. and he can blame the ones that are not popular on republicans for not negotiating. he gets something that he'll never get in a negotiation. >> the rest of that conversation online, by the way, with rick santorum. newt gingrich? is that why the president and geithner are
this thing we call the fiscal cliff is a law that republicans voted for and that the president steered them to vote for. and strategically, he was victorious in that. the theory of this thing was, no one wants it to happen. no one wants anything in this bill to happen. the rates to go up or all the spending cuts. but it turns out that the democrats and the president like more of what would happen on january 1 than republicans. >> do you know who agrees with you? rick santorum. i spoke to...